Uncategorized

Fitch: Russia ruble payment of USD coupons would be a sovereign default.

0 min read

Credit ratings agency Fitch said that if Russia were to make two US dollar bond coupon payments due Wednesday in rubles, it would constitute a sovereign default after a grace period expiration. Russia's invasion of Ukraine triggered sanctions from across the world that have limited Moscow's ability to access and allocate cash.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed
 (Updated:  )

Explosions rocked Kharkiv, Dnipropetrovsk, and Zaporizhzhia oblasts as Russia launched waves of missiles, drones, and guided aerial bombs overnight on July 26. Kharkiv's Kyviskyi district has been hit twice by ballistic missiles.

Show More